AAF Defund Basel Rule Letter

February 28, 2024 Dear House Republicans: When you return from recess, you will be in session for just two days before parts of the federal government begin shutting down. As the top-line number of $1.7 trillion is now set, the real appropriations battle begins over so-called appropriations “riders.” We urge you to defund the rulemaking process for “Basel III Endgame,” officially known as “Large Banking Organizations and Banking Organizations with Significant Trading Activity.” While the Basel Committee’s Endgame standards purport to strengthen the financial sector, we believe that the opposite is true. As the American Bankers Association and other trade associations have repeatedly warned, “the Proposal would constrain the banking sector’s ability to provide credit and other essential financial services,” making it harder for Americans and American businesses to make ends meet. We strongly encourage you to defund the rulemaking process for the proposed rule “Large Banking Organizations and Banking Organizations with Significant Trading Activity” in upcoming appropriations bills. Thank you, Paul Teller Ryan Walker Executive Director Executive Vice President Advancing American Freedom Heritage Action Morton Blackwell Pete Sepp Chairman President Conservative Leadership PAC National Taxpayers Union Phil Kerpen Jameson Taylor, Ph. D. President Director of Policy & Leg. Affairs American Commitment AFA Action

Saulius "Saul" Anuzis Tim Jones President Fmr. Speaker, Missouri House American Association of Senior Citizens Chairman, Missouri Center-Right Coalition Thomas H. Jones Richard A. Viguerie President Chairman American Accountability Foundation Action FedUpPAC.com Donna Jackson Nate Dunning Director of Membership Development Chairman Project 21 Black Leadership Network Young Conservatives of Texas Paul Gessing David Williams President President Rio Grande Foundation Taxpayers Protection Alliance James L. Martin Jason Poblete, Esq. Founder/Chairman President 60 Plus Association Global Liberty Alliance Kevin Freeman Seton Motley Founder Founder and President NSIC Institute Less Government Allen J. Hebert Bob Carlstrom President President American-Chinese Fellowship of Houston AMAC Action John Berlau George Landrith Senior Fellow and Director of Finance Policy President Competitive Enterprise Institute Frontiers of Freedom Pamela S. Roberts Scott Shepard Immediate Past President; Retired Fellow and Free Enterprise Project Director Kentucky Federation of Republican Women National Center for Public Policy Research Melissa Ortiz Founder Capability Consulting